Shares of Amazon.com Inc. rose 1.21% to $124.25 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index.....
Continue ReadingAmazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers...
Continue ReadingGlenn Lurie, Stormbreaker Ventures partner and former AT&T Mobility CEO and president, joins 'Closing Bell Overtime' to discuss Amazon's announcement of a possible mobile service and its impact on telecom stocks...
Continue ReadingShares of Verizon Communications Inc, AT&T Inc and T-Mobile US Inc declined on Friday after a report said Amazon.com Inc was in talks with the U.S. telecom firms to offer low-cost wireless services to its Prime members...
Continue ReadingStreaming giants Netflix, Inc (NASDAQ: NFLX), Amazon.Com, Inc (NASDAQ: AMZN), and Walt Disney Co (NYSE: DIS) on Friday confidentially explored ways to dodge India's new tobacco warning rules. The executives of the streaming companies, and India's Viacom18, which runs billionaire Mukesh Ambani's JioCinema app, held a closed-door meeting, where Netflix warned the rules could prompt production houses to block their content in India, Reuters cites familiar sources. They also discussed possible legal...
Continue ReadingDish Network Corp (NASDAQ: DISH) stock is up Friday amid reports of selling wireless plans for its mobile phone service through Amazon.Com Inc(NASDAQ: AMZN). Amazon has been talking with wireless carriers about offering Prime subscribers $10 a month or possibly for free and bolster loyalty among its biggest spending customers. The company is negotiating with Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NYSE: TMUS), and Dish for the lowest possible wholesale prices, Bloomberg reported...
Continue ReadingShares of Verizon Communications Inc , AT&T Inc and T-Mobile US Inc declined on Friday after a report said Amazon.com Inc was in talks with the U.S. telecom firms to offer low-cost wireless services to its Prime members...
Continue Reading(Bloomberg) -- Amazon.com Inc. has been talking with wireless carriers about offering low-cost or possibly free nationwide mobile phone service to Prime subscribers, according to people familiar with the situation.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsAmazon Is in Talks to Offer Free...
Continue ReadingAT&T investors should brace for more pain, as current pricing dynamics could change depending on the terms of a deal with Amazon. Read my analysis of T stock...
Continue ReadingAmazon.com is reportedly looking into entering mobile phone service, and telecom investors are feeling the pain. Bloomberg News reported Friday that the retailing giant has been talking with wireless carriers about offering low-cost or free mobile to Prime subscribers. AT&T, Verizon and T-Mobile all fell 4% or more in morning trading Friday...
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